Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in more than two years. How? On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s Serene Cheong on her team’s investigation into a clandestine shipping hub off the coast of Malaysia that funnels Iranian crude to China.

Read more: The Clandestine Oil Shipping Hub Funneling Iranian Crude to China

Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper the country hasn’t imported a single drop in more than two years. How? On today’s Big Take Asia podcast, host K. Oanh Ha speaks to Bloomberg’s Serene Cheong on her team’s investigation into a clandestine shipping hub off the coast of Malaysia that funnels Iranian crude to China.
Read more: <a href="https://www.bloomberg.com/graphics/2024-iran-south-china-sea-oil-trade/">The Clandestine Oil Shipping Hub Funneling Iranian Crude to China</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

The Shadowy Fleet of Tankers Moving Iranian Oil to China

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0a50fb21-1abb-4eb8-9d95-b22d015300f7/transcript

US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month’s intervention, raising questions about what comes next.

On today’s Big Take podcast, Bloomberg’s Daniel Flatley and Chris Anstey join David Gura to break down Bessent’s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country’s currency.

Read more:

How Bessent Brings a ‘Buy-Side’ Mindset to Economic Statecraft

Behind Bessent Moves, Wall Street Sees a Bond-Market Angst

Listen More:

Why a Weak Yen Is America’s Problem

Carry Trades, Explained

Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott.

Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

US Treasury Secretary Scott Bessent&rsquo;s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month&rsquo;s intervention, raising questions about what comes next.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Daniel Flatley and Chris Anstey join David Gura to break down Bessent&rsquo;s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country&rsquo;s currency.
Read more:
<a href="https://www.bloomberg.com/news/newsletters/2026-08-07/how-bessent-brings-a-buy-side-mindset-to-economic-statecraft">How Bessent Brings a &lsquo;Buy-Side&rsquo; Mindset to Economic Statecraft</a>
<a href="https://www.bloomberg.com/news/articles/2026-08-09/behind-bessent-moves-wall-street-sees-sign-of-bond-market-angst">Behind Bessent Moves, Wall Street Sees a Bond-Market Angst</a>
Listen More:
<a href="https://podcasts.apple.com/us/podcast/why-a-weak-yen-is-americas-problem/id1578096201?i=1000779936408">Why a Weak Yen Is America&rsquo;s Problem</a>
<a href="https://podcasts.apple.com/us/podcast/carry-trades-explained/id1746141911?i=1000668218834">Carry Trades, Explained</a>
Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott.
Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Hedge Fund Toolkit Behind the Yen Intervention

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1d212339-5e2d-4b50-b9f5-b4a20150b7d8/transcript

Oh, the things you can find with an inquisitive mind – and a metal detector.

Today we’re bringing you Chapter 1 of Our Town, a limited-run series from The Big Take, hosted by Meribah Knight with Bloomberg’s Susan Berfield. The series tells the story of a battle over identity fought on small town soil, where acreage, heritage, and what it means to be an American are all up for grabs. 

The limited-run series will publish on Fridays in The Big Take. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Meribah Knight with Susan Berfield  Produced by: Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by: Ken Armstrong with Rebecca Laks Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins Executive Producer: Nicole Beemsterboer 

Oh, the things you can find with an inquisitive mind &ndash; and a metal detector. Today we&rsquo;re bringing you Chapter 1 of Our Town, a limited-run series from The Big Take, hosted by Meribah Knight with Bloomberg&rsquo;s Susan Berfield. The series tells the story of a battle over identity fought on small town soil, where acreage, heritage, and what it means to be an American are all up for grabs.&nbsp;
The limited-run series will publish on Fridays in&nbsp;The Big Take.&nbsp;We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Meribah Knight with Susan Berfield&nbsp; Produced by: Rebecca Laks with Julia Weaver and David Fox and help from Laura Newcombe Edited by: Ken Armstrong with Rebecca Laks Original Score and Mixing by: Alex Sugiura Fact-checking by: Annika Robbins Executive Producer: Nicole Beemsterboer&nbsp;

Our Town Chapter 1: Sometimes You Find Silver

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/093910dc-535d-4831-b4d4-b49e0147db52/transcript

Situational Awareness, a hedge fund run by a 24-year-old hailed as “Nostradamus of AI”, swelled to $45 billion in assets until a mix of highly leveraged bets, short sellers and a market swoon threw it into crisis.

On today’s Big Take podcast, Bloomberg’s Katherine Burton and Hema Parmar join Sarah Holder to discuss how risky bets led the fund to the brink and whether the episode speaks to broader vulnerabilities among hedge funds investing in AI.

Read more: 
The 24-Hour Race to Salvage Situational Awareness’ AI Bets
Bloomberg Opinion: Hedge Fund’s 439% Return Should Have Been the Warning
Situational Awareness Returns to Investing With $400 Million Bet

Listen to Money Stuff Podcast: No Kiddie Pool 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katherine Burton and Hema Parmar; Edited by Jeffrey Grocott. Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Situational Awareness, a hedge fund run by a 24-year-old hailed as &ldquo;Nostradamus of AI&rdquo;, swelled to $45 billion in assets until a mix of highly leveraged bets, short sellers and a market swoon threw it into crisis.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Katherine Burton and Hema Parmar join Sarah Holder to discuss how risky bets led the fund to the brink and whether the episode speaks to broader vulnerabilities among hedge funds investing in AI.
Read more:&nbsp;
<ul>
<li><a href="https://www.bloomberg.com/news/articles/2026-07-30/the-24-hour-race-to-salvage-situational-awareness-souring-bets">The 24-Hour Race to Salvage Situational Awareness&rsquo; AI Bets</a></li>
<li><a href="https://www.bloomberg.com/opinion/articles/2026-08-03/situational-awareness-439-return-should-have-been-a-warning">Bloomberg Opinion: Hedge Fund&rsquo;s 439% Return Should Have Been the Warning</a></li>
<li><a href="https://www.bloomberg.com/news/articles/2026-08-05/situational-awareness-returns-to-investing-with-400-million-bet">Situational Awareness Returns to Investing With $400 Million Bet</a></li>
</ul>
Listen to <a href="https://www.bloomberg.com/news/audio/2026-07-31/money-stuff-podcast-no-kiddie-pool">Money Stuff Podcast: No Kiddie Pool</a>&nbsp;
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katherine Burton and Hema Parmar; Edited by Jeffrey Grocott. Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Situation at Situational Awareness

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d01c2fe8-15b4-4f42-b079-b49e0157ad46/transcript

The Shadowy Fleet of Tankers Moving Iranian Oil to China

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